Power Take Off Market: By Type, By Application and Region Forecast 2019-2030
Power Take Off (PTO) Market size was valued at US$ 410 billion in 2023 and is poised to grow at a significant CAGR of 6.2% from 2024-2030. A PTO enables the hosting energy source to provide power to extra equipment that lacks its engine or motor. For example, A PTO allows a tractor engine to power a jackhammer. Agriculture equipment, trucks, and commercial vehicles all employ PTOs. Power take-off works by removing power from a running engine, shaft, or gear and passing it to a different machine or an associated implement. In many fields, various types of PTOs are used. For example, Semi-permanently installed power take-offs are commonly utilized to extract power from industrial and marine engines. Typically, these applications used a drive shaft and bolted joint to send power to a secondary tool or accessory. Such drive shafts could also power fire pumps in a marine application.
The capacity to apply across a wide range of machinery types is driving the PTO market demand. The increasing number of Power Take-Off (PTO) market participants across geographies will likely fuel market expansion. Moreover, key vendors are likely to increase their production capabilities and company expansion investments during the research period. Many market participants are discovering attractive prospects in growing economies, where enormous populations are combined with innovative developments in various industries. Power Take Off 8-Bolt type is expected to expand at a healthy compound annual growth rate of 6.8% from 2022 to 2028. The market for the 8-bolt type accounted for a larger revenue share in 2021 and is projected to reach US$ Million by 2025. These PTOs are widely used for high torque applications such as pneumatic blowers, large winches, and vacuum pumps.
Study Period
2024-2030Base Year
2023CAGR
6.2%Largest Market
North AmericaFastest Growing Market
Asia-Pacific
The growing use of Power Take-Off (PTO) in automotive, machinery, and other industries propels the global Power Take-Off (PTO) market. Forestry and municipal machinery, including cranes, mowers, feeders, road sweepers, and firefighting equipment, all use them. Power take-offs are commonly utilized on backhoe loaders, dump trucks, loaders, and rough terrain forklift trucks in the construction industry. Waste collection trucks, crane trucks, car carrier trucks, low-loader trucks, and vacuum trucks, among others, all require power take-off units in their hydraulic systems. The increasing application of PTO drives the market worldwide. On the other hand, PTOs are a continuous threat to farmlands because of their quick rotation speed, operator error, and lack of suitable protecting or shielding cabinet or cage, limiting the market.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 410 billion |
Market CAGR |
6.2% |
By Type |
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By Application |
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By Region |
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Power take off pto market size was valued at US$ 410 billion in 2023 and is set to grow at a significant CAGR of 6.2% from 2024-2030.
The power take off (PTO) market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The power take off (PTO) market key players are Interpump Group, Parker, Hyva, OMFB, Weichai Power, Bezares, Zhejiang Bezares Power Transmission Co Ltd, ZF Friedrichshafen AG, Kozanoglu Kozmaksan Ltd, Ozceylanlar Hydraulic Co, OMS, SUNFAB
1.Executive Summary |
2.Global Power Take Off (PTO) Market Introduction |
2.1.Global Power Take Off (PTO) Market - Taxonomy |
2.2.Global Power Take Off (PTO) Market - Definitions |
2.2.1.Type |
2.2.2.Application |
2.2.3.Region |
3.Global Power Take Off (PTO) Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Power Take Off (PTO) Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Power Take Off (PTO) Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Power Take Offs - 6 Bolt |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Power Take Offs - 8 Bolt |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Power Take Offs - 10 Bolt |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Others |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
6.Global Power Take Off (PTO) Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Automotive |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Machinery |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Others |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
7.Global Power Take Off (PTO) Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. North America |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Europe |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Asia Pacific (APAC) |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Middle East and Africa (MEA) |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Latin America |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8.North America Power Take Off (PTO) Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.1.1.Power Take Offs - 6 Bolt |
8.1.2.Power Take Offs - 8 Bolt |
8.1.3.Power Take Offs - 10 Bolt |
8.1.4.Others |
8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.2.1.Automotive |
8.2.2.Machinery |
8.2.3.Others |
8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.3.1.United States of America (USA) |
8.3.2.Canada |
9.Europe Power Take Off (PTO) Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Power Take Offs - 6 Bolt |
9.1.2.Power Take Offs - 8 Bolt |
9.1.3.Power Take Offs - 10 Bolt |
9.1.4.Others |
9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Automotive |
9.2.2.Machinery |
9.2.3.Others |
9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Germany |
9.3.2.France |
9.3.3.Italy |
9.3.4.United Kingdom (UK) |
9.3.5.Spain |
9.3.6.Rest of EU |
10.Asia Pacific (APAC) Power Take Off (PTO) Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Power Take Offs - 6 Bolt |
10.1.2.Power Take Offs - 8 Bolt |
10.1.3.Power Take Offs - 10 Bolt |
10.1.4.Others |
10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Automotive |
10.2.2.Machinery |
10.2.3.Others |
10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.China |
10.3.2.India |
10.3.3.Australia and New Zealand (ANZ) |
10.3.4.Japan |
10.3.5.Rest of APAC |
11.Middle East and Africa (MEA) Power Take Off (PTO) Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Power Take Offs - 6 Bolt |
11.1.2.Power Take Offs - 8 Bolt |
11.1.3.Power Take Offs - 10 Bolt |
11.1.4.Others |
11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Automotive |
11.2.2.Machinery |
11.2.3.Others |
11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.GCC Countries |
11.3.2.South Africa |
11.3.3.Rest of MEA |
12.Latin America Power Take Off (PTO) Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Power Take Offs - 6 Bolt |
12.1.2.Power Take Offs - 8 Bolt |
12.1.3.Power Take Offs - 10 Bolt |
12.1.4.Others |
12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Automotive |
12.2.2.Machinery |
12.2.3.Others |
12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Brazil |
12.3.2.Mexico |
12.3.3.Rest of LA |
13. Competition Landscape |
13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
13.2.1.Interpump Group |
13.2.2.Parker |
13.2.3.Hyva |
13.2.4.OMFB |
13.2.5.Weichai Power |
13.2.6.Bezares |
13.2.7.Zhejiang Bezares Power Transmission Co Ltd |
13.2.8.ZF Friedrichshafen AG |
13.2.9.Kozanoglu Kozmaksan Ltd |
13.2.10.Ozceylanlar Hydraulic Co |
13.2.11.OMS |
13.2.12.SUNFAB |
14. Research Methodology |
15. Appendix and Abbreviations |
Key Market Players